Imperial Oil looking at selling Norman Wells oil assets in N.W.T.

Imperial Oil is looking at selling its Norman Wells oilassets in the Northwest Territories.

The Calgary-based company says while a definitive decision hasnot been made, it recognizes the significance of such a move and istherefore speaking with Sahtu community leaders about its plans.

According to its website, Imperial Oil first discovered oil atNorman Wells, about 150 kilometres south of Arctic Circle, in 1920.

It says the operation is the most northerly producing oilfield inCanada and many of its wells are drilled from six artificial islandsconstructed in the Mackenzie River.

Gross production at Norman Wells averaged 11,000 barrels per daylast year.